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Mergers and Acquisitions as a Consequence of Declining Innovation Productivity in Pharmaceuticals: Evidence from Croatia

Author

Listed:
  • Davor Mance
  • Nenad Vretenar
  • Antonija Gudelj

Abstract

Declining productivity of pharmaceutical innovation resulted in an increased number of mergers & acquisitions in the pharmaceutical industry. Increased investments into research & development lack the resulting increases in patentable new substances.

Suggested Citation

  • Davor Mance & Nenad Vretenar & Antonija Gudelj, 2020. "Mergers and Acquisitions as a Consequence of Declining Innovation Productivity in Pharmaceuticals: Evidence from Croatia," Journal of Innovative Business and Management, DOBA Faculty, vol. 12(1), pages 1-8.
    • Handle: RePEc:dob:journl:v:12:y:2020:i:1:a:1
    DOI: 10.32015/JIBM/2020-12-1-1
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    More about this item

    Keywords

    mergers and acquisitions; pharmaceutical industry; research and development;
    All these keywords.

    JEL classification:

    • L25 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Firm Performance
    • N84 - Economic History - - Micro-Business History - - - Europe: 1913-

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